IOTA completes EU blockchain pre-commercial phase

IOTA completes the final phase of the European Blockchain PCP, setting the stage for scalable, sustainable and secure blockchain infrastructure across the European Union.

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The European Commission has been working with leading blockchain developers to set the stage for a future of scalability, sustainability and security across the European Union.

The IOTA Foundation announced its successful completion of the final stage of the EU's blockchain Pre-Commercial Procurement (PCP), along with seven other participants. 

The developers have been working on “cutting-edge” prototypes using distributed ledger technology (DLT) solutions that focus on specific touchpoints such as intellectual property rights (IPR) management and digital product passports (DPP). 

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